Description

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The object of this study is to investigate the effects that

complete and formal integration of the Canadian with the American capital market

would have on the Canadian economy. It is based largely on recent trade statistics,

particularly those of the period when the exchange rate floated. In summary, the

short- and long-run effects could both be beneficial to Canada. This study is a

convenient summary of a longer work by the same authors to be published in 1970.

About the Author

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Richard E. Caves is a professor emeritus of Economics, Harvard University. Grant L. Reuber is a professor emeritus of Economics, University of Western Ontario.